0
Wireless

Tele2 to buy out Norwegian mobile partners

Friday 22 July 2011 | 08:37 CET | News
Tele2 has agreed to buy out its partners in the Mobile Norway joint venture. Orkla, Hafslund Venture II and Katalysator Telekom are the three largest shareholders in Network Norway with 67.76 percent of diluted share capital, including warrants and options. Tele2 will pay SEK 890 million cash for the Network Norway shares and warrants, valuing 100 percent of Network Norway at SEK 1.70 billion on a cash- and debt-free basis. Tele2 will make an offer to the remaining shareholders in Network Norway on the same terms. Network Norway is Tele2's 50/50 joint venture partner in Mobile Norway, the

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Network Norway / Tele2
Countries: Norway
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tele2 to complete acquisition of Network Norway by October

Published 12 Sep 2011 13:06 CET | Norway
Tele2 Sweden announced that it will proceed with the completion of the Network Norway acquisition transaction until 3 October as ...

Tele2 NL laat top-line los en richt zich volledig op winstgevendheid

Published 22 Jul 2011 09:27 CET | Netherlands
Tele2 Nederland heeft in Q2 van 2011 opnieuw abonnees verloren, niet alleen in vaste telefonie, maar ook in mobiel en breedband. ...